Beneficient targets elimination of disputed $130 million debt in proposed settlement
Bitget2026/09/23 11:30- Beneficient outlined a strategy to eliminate about $130 million of contested HCLP debt, including principal and accrued interest.
- Proposed resolution would convert Heppner Equity Interests, including $850 million liquidation-preference preferred equity, into 162,132 Class A shares.
- Plan also targets termination of Heppner-related agreements, seeking to extinguish about $88 million of purported obligations without payment.
- Company aims to complete a consensual deal before Brad Heppner’s Oct. 21, 2026 sentencing; no definitive agreement in place.
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